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Article: The Philadelphia Inquirer Andrew Cassel Column.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- September 25, 2002
CopyrightCOPYRIGHT 2002 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Andrew Cassel, The Philadelphia Inquirer Knight Ridder/Tribune Business News
Sep. 25--Need something else to worry about? Try this: Fannie Mae's duration gap is increasing.
Good lord, you're saying, not the duration gap! No, of course you're not. You're saying, what the heck is a duration gap, and why should I care? Because, although this may not turn out to be a huge looming crisis, it holds some scary possibilities.
Fannie Mae, as you may know, is really the Federal National Mortgage Corp., a government-chartered, publicly traded company that finances homebuying in the United States by purchasing mortgages from other lenders. ...